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Robinhood vs eToro 2023

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Written by StockBrokers.com

February 23, 2023

Is Robinhood better than eToro? After testing 17 of the best online brokers over three months, Robinhood (83.65%) is better than eToro (72.74%). Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

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Overall RatingRobinhoodeToro
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2.5/5 Stars 3/5 Stars
Customer Service N/A N/A
Education 3.5/5 Stars 2.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Robinhood Review eToro Review
Trading FeesRobinhoodeToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) N/A N/A
Mutual Fund Trade Fee N/A N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee N/A $0
Margin RatesRobinhoodeToro
Margin Rate Under $25,000 11.25% info Varies
Margin Rate $25,000 to $49,999.99 11.25% info Varies
Margin Rate $50,000 to $99,999.99 11.25% info Varies
Margin Rate $100,000 to $249,999.99 11.25% info Varies
Margin Rate $250,000 to $499,999.99 11.25% info Varies
Margin Rate $500,000 to $999,999.99 11.25% info Varies
Margin Rate Above $1,000,000 11.25% info Varies
Account FeesRobinhoodeToro
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) $100.00
Account Transfer Out (Full) $100.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment OptionsRobinhoodeToro
Stock Trading Yes Yes
Margin Trading Yes No
Fractional Shares Yes Yes
OTC Stocks Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 0
Futures Trading No No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 17 26
Mutual Funds (No Load) 0 0
Mutual Funds (Total) 0 0
Bonds (US Treasury) No No
Bonds (Corporate) No No
Bonds (Municipal) No No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesRobinhoodeToro
Order Type - Market Yes Yes
Order Type - Limit Yes No
Order Type - After Hours Yes No
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO No No
Order Type - OTO No No
Order Type - Broker Assisted No No
BeginnersRobinhoodeToro
Education (Stocks) Yes Yes
Education (ETFs) No No
Education (Options) Yes No
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No No
Retirement Calculator No No
Investor Dictionary Yes No
Paper Trading No Yes
Videos No Yes
Webinars No No
Webinars (Archived) No No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsRobinhoodeToro
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes No
Trading - Simple Options Yes Yes
Trading - Complex Options Yes No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App FeaturesRobinhoodeToro
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) No Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 3 7
Stock App ChartingRobinhoodeToro
Charting - After-Hours Yes No
Charting - Can Turn Horizontally No No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 6 5
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons No No
Trading PlatformsRobinhoodeToro
Active Trading Platform N/A
Desktop Trading Platform No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Paper Trading No Yes
Trade Journal No No
Watch Lists - Total Fields 3 7
Stock Chart FeaturesRobinhoodeToro
Charting - Adjust Trades on Chart No No
Charting - Indicators / Studies 6 46
Charting - Drawing Tools 0 13
Charting - Notes No Yes
Charting - Index Overlays No Yes
Charting - Historical Trades No No
Charting - Corporate Events No No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis No No
Charting - Save Profiles No Yes
Trade Ideas - Technical Analysis No Yes
Charting - Study Customizations 1 5
Charting - Custom Studies No No
Day TradingRobinhoodeToro
Streaming Time & Sales No Yes
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading No No
Trade Hot Keys No No
Level 2 Quotes - Stocks No No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewRobinhoodeToro
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks No No
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation Yes No
Stock ResearchRobinhoodeToro
Stock Research - PDF Reports 0 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders No Yes
Stock Research - Social No Yes
Stock Research - News Yes Yes
Stock Research - ESG No Yes
Stock Research - SEC Filings No Yes
ETF ResearchRobinhoodeToro
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets No No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis No No
ETFs - Ratings No Yes
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchRobinhoodeToro
Mutual Funds - Strategy Overview No No
Mutual Funds - Performance Chart No No
Mutual Funds - Performance Analysis No No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings No No
Mutual Funds - Fees Breakdown No No
Mutual Funds - Top 10 Holdings No No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation No No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options TradingRobinhoodeToro
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming Yes No
Option Chains - Total Columns 17 0
Option Chains - Greeks 5 4
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes No
Option Probability Analysis No No
Option Probability Analysis Adv No No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis No No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingRobinhoodeToro
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceRobinhoodeToro
Phone Support (Prospect Customers) No No
Phone Support (Current Customers) Yes No
Email Support Yes Yes
Live Chat (Prospect Customers) No Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
OverallRobinhoodeToro
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 2.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Robinhood Review eToro Review
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  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
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  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
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Robinhood vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Robinhood vs eToro.

Is Robinhood or eToro better for beginners?

Robinhood offers more comprehensive new investor education for beginner investors than eToro. Robinhood offers investors access to Education (Stocks) and Education (Options), while eToro offers investors access to Paper Trading, Videos and Education (Stocks). Neither have Education (ETFs), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about Robinhood vs eToro pricing?

Robinhood and eToro charge the same amount for regular stock trades, $0.00. Robinhood and eToro both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Robinhood or eToro offer a wider range of investment options?

Robinhood offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have Mutual Funds, Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, Robinhood and eToro both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: Robinhood or eToro?

To compare the trading platforms of Robinhood and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found Robinhood to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards are offered by Robinhood while eToro offers none. Neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.

Is Robinhood good?

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

Is eToro good?

Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

Robinhood vs eToro Winner

Overall winner: Robinhood

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Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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